Pages

Subscribe via email

Friday, 18 March 2011

More suburbs join $1 million club

Hello, again
Today I am blogging from Growth and Cashflow at Darling Harbour.
Its a free 3 day conference hosted by Dymphna Boholt.
If you still want to go SAT and SUNDAY , just go to www.knowledgesource.com.au.

Now reading articles yesterday. I came across an article called " More suburbs join $1 million club" by The Australian.
Great article , good for investing information. It goes through new million dollar suburbs.
Quote from article.Data from property research firm RP Data yesterday showed there were 55 more million-dollar suburbs than in the previous year and 134 more than in 2005.

Of the 212 suburbs, 56 per cent were in Sydney,20 per cent in Victoria, 12 per cent in Western Australia and6 per cent in Queensland.

For the third year in a row, Peppermint Grove in Perth was the most expensive suburb in the country, with a median house price of $4.6 million

Interesting !!!! Is your investing targets in these suburbs or how much growth have they had.

ther suburbs to make the list included;

• Vaucluse, NSW with a median house price of $3.6 million

• Bellevue Hill, NSW with a median house price of $3.4 million

• Dalkeith, WA with a median house price of $2.8 million

• Dover Heights, NSW with a median house price of $2.7 million

According to Australian Property Monitors chief economist Andrew Wilson, one area in Sydney that is showcasing strong buying opportunities for investors is the well-located inner west and inner south west.

“I think the struggle to get closer to the CBD, to commute, is becoming more profound for Sydneysiders and any areas that still remain within a reasonably affordable band are a good opportunity for investors,” he said.